Prop 33 - Good or Bad For Landlords?

[Diran Deukmajian]

Can someone explain in simple terms what prop 33 means in California? Does this help me or hurt me? I have an investment property in Los Angeles county, my tenant is paying me on time.   Who benefits from this prop?

[Jeff S.]

As a landlord, you should vote No on Prop 33.

Costa-Hawkins restricts most control laws that local cities and counties can impose.  Prop 33 repeals Costa-Hawkins, allowing cities unlimited authority to impose any rent control they want.  It’s bad enough now.  Prop 33 will enable them to run as wild as they wish with rent control.

Note that one sponsor of Prop 33 is Renters and Homeowners for Rent Control.  That should give you a clue.

For more details, read this and this.